Core Insights - AirJoule Technologies Corporation has successfully delivered and commissioned an AirJoule A250 system at Arizona State University (ASU), which will undergo independent academic evaluation as part of a collaboration with ASU's atmospheric water harvesting research program [1][2] Technology Overview - AirJoule's sorbent-based technology extracts water from air in various environmental conditions, including low humidity, utilizing a metal-organic framework, which was recognized in the 2025 Nobel Prize in Chemistry [2] - The commissioning of the AirJoule system marks the beginning of third-party testing to generate independent performance data, validate water quality, and provide operational insights for commercialization [2] Testing Environment - ASU's campus in Tempe presents a challenging test environment with temperatures over 110°F and low humidity, making it an ideal location to demonstrate the system's robustness in real-world conditions where water scarcity is critical [3] Strategic Importance - The commissioning at ASU is a significant milestone in AirJoule's commercialization journey, providing third-party validation from a leading research institution and expert in atmospheric water harvesting, Dr. Paul Westerhoff [4][5] - The evaluation will assess AirJoule's performance in extreme climate conditions and contribute to the scientific understanding of this technology [6] Economic Impact - Reliable water access is essential for the economic vitality of the Southwest United States, and AirJoule's technology aims to support local solutions for water sustainability, addressing community concerns and industrial needs [7] Industry Engagement - AirJoule executives participated in the 2026 International Atmospheric Water Harvesting Summit at ASU, discussing innovative solutions and advancements in the field [9]

Financial Data and Key Metrics Changes - AirJoule Technologies reported a net loss of $4 million for Q3 2025, a significant decline from a net income of $2.5 million in Q2 2025, primarily due to non-cash losses related to earn-out liabilities [25][26] - The company's net operating expenses for Q3 were $3 million, which included $487,000 in reimbursed expenses from a joint venture [24][25] - Cash on the balance sheet at the end of Q3 was approximately $26 million, with an additional $5 million contributed to the joint venture post-quarter [26][27] Business Line Data and Key Metrics Changes - The Hubbard, Texas deployment is operational 24/7, generating critical performance data that is essential for optimizing system design and validating performance [11][12] - AirJoule's water generation system is producing distilled water with zero dissolved solids, meeting EPA and FDA standards, which is a key differentiator in the market [16][44] Market Data and Key Metrics Changes - The demand for AirJoule's technology is driven by the increasing water and energy needs of data centers, particularly in arid regions facing water scarcity [4][5] - The company is positioned to benefit from significant regulatory tailwinds as governments phase out high global warming potential refrigerants, creating demand for alternative technologies [8][9] Company Strategy and Development Direction - AirJoule aims to capitalize on macro trends in water scarcity and energy efficiency, positioning its technology as a solution for sustainable operations in data centers and manufacturing [4][6] - The company is focusing on productization and scaling manufacturing readiness to support commercial deployments in 2026, with a goal of maximizing water output and reducing system costs [19][21] Management's Comments on Operating Environment and Future Outlook - Management highlighted the critical role of water security in AI infrastructure development and the operational impacts of water scarcity on data centers [5][7] - The company is optimistic about its partnerships and collaborations, which are expected to drive commercial opportunities and validate its technology [10][12] Other Important Information - AirJoule was recognized as a winner of the Net Zero Innovation Hub for Data Centers technology competition, validating its technology for sustainable operations [12][6] - The company is exploring water purchase agreements (WPAs) as a commercial strategy, allowing customers to purchase water on a volumetric basis, which could create recurring revenue streams [18][40] Q&A Session Summary Question: Clarification on data from Hubbard accelerating commercial adoption - Management explained that the operational data from Hubbard is catalyzing interest from hyperscalers looking to build in Texas, enhancing confidence in the technology [30] Question: Progress on product integration with GE Vernova - The integration project with GE Vernova is ongoing, focusing on utilizing waste heat from gas turbines to enhance AirJoule's products [31] Question: Low R&D spend in Q3 - The low R&D spend was attributed to expenses being borne at the joint venture level and a reversal of previously accrued royalty expenses [33][34] Question: Runway for the AirJoule JV - Management confirmed that current cash is sufficient to support both corporate and joint venture expenses through commercialization into 2026 [35] Question: Customer interest in the WPA model - Interest in the WPA model is strong among customers lacking reliable water sources, with many discussions ongoing [38][61] Question: Importance of water purity in commercial discussions - Water quality is crucial for various industrial applications, and AirJoule's technology offers significant advantages in producing clean, distilled water [44][46] Question: Validation work with ASU's Dr. Westerhoff - The collaboration with ASU is expected to provide independent validation of AirJoule's performance and enhance commercial discussions [52][53]